Apache Shows Noteworthy Insider Buying

Since the beginning of September, two members of Apache's (APA) board of directors have bought the stock at around $85 to $86 per share, including a purchase of 10,000 shares by board member Chansoo Joung.

Insider purchases, particularly when more than one insider is buying, are generally seen as bullish signals, because they suggest that these insiders are confident enough to overcome the fact that buying the stock increases company-specific risk. Blindly following insider purchases often isn't wise, but investors can keep an eye out for these consensus insider purchases and then do further research on the companies involved....519 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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